For theory I mainly read it over and over again to pound it into memory (Gotta love Adult ADD)

For physical practicing I usually focus on right and left hand tech's. (Still cant seem to funk up my slap playing enough and my double thumbing is attrocious, but my tapping and harmonics are pretty decent!)

Most of my practicing though is focused around song writing and expression on bass. I tend to write beter on bass anyways, and I hate repeating myself on an instrument.

I start by playing every mode of the major scale two octaves, starting on G, then G#, A, A#, and B. Sometimes I play the melodic minor modes instead.

I then play all the diatonic arpeggios in C, alternating ascending and descending, so that you end C major on B, and start D minor on C, and so on. At the top, I just go backward.

From there, depending on what I feel like, I will do some reading exercises (been doing a lot more of that lately, what with the school musical coming up), walking or soloing to jazz tunes using Band in a Box, or work on my funk tunes.